CARDANO - ADA/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	ADAUSD
ISIN:

CARDANO - ADA/USD - Daily - Technical analysis published on 11/06/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Slightly bullish

Technical indicators

61%

17%

22%

My opinion

Bullish above 0.097640 USD

My targets

0.123649 USD (+13.65%)

0.132360 USD (+21.66%)

My analysis

CARDANO - ADA/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.097640 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 0.123649 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.132360 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.149256 USD. Beware of a possible return to under the support located at 0.097640 USD which would be the sign of a correction of the bullish excesses registered in the short term.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CARDANO - ADA/USD price is 0.108798 USD. The price registered an increase of +11.54% on the session and was between 0.096919 USD and 0.109843 USD. This implies that the price is at +12.26% from its lowest and at -0.95% from its highest.

0.096919

0.109843

0.108798

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CARDANO - ADA/USD in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near support of triangle

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.071045	0.089193	0.097640	0.108798	0.110486	0.132360	0.149256
Change (%)	-34.70%	-18.02%	-10.26%	-	+1.55%	+21.66%	+37.19%
Change	-0.037753	-0.019605	-0.011158	-	+0.001688	+0.023562	+0.040458
Level	Intermediate	Major	Major	-	Intermediate	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.086842	0.089428	0.093484	0.096070	0.100126	0.102712	0.106768
Camarilla	0.095712	0.096321	0.096930	0.097539	0.098148	0.098757	0.099366
Woodie	0.087576	0.089796	0.094218	0.096438	0.100860	0.103080	0.107502
Fibonacci	0.089428	0.091966	0.093533	0.096070	0.098608	0.100175	0.102712

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.065825	0.077634	0.085294	0.097103	0.104763	0.116572	0.124232
Camarilla	0.087599	0.089384	0.091168	0.092953	0.094738	0.096522	0.098307
Woodie	0.063750	0.076597	0.083219	0.096066	0.102688	0.115535	0.122157
Fibonacci	0.077634	0.085072	0.089666	0.097103	0.104541	0.109135	0.116572

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.058633	0.073981	0.083467	0.098815	0.108301	0.123649	0.133135
Camarilla	0.086124	0.088400	0.090677	0.092953	0.095230	0.097506	0.099782
Woodie	0.055702	0.072516	0.080536	0.097350	0.105370	0.122184	0.130204
Fibonacci	0.073981	0.083468	0.089328	0.098815	0.108302	0.114162	0.123649

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.16
MACD (12,26,9):	-0.0009
Directional Movement:	8.202635
AROON (14):	-78.571426
DEMA (21):	0.098979
Parabolic SAR (0,02-0,02-0,2):	0.088103
Elder Ray (13):	0.003927
Super Trend (3,10):	0.090652
Zig ZAG (10):	0.108994
VORTEX (21):	0.9576
Stochastique (14,3,5):	55.15
TEMA (21):	0.098138
Williams %R (14):	-2.76
Chande Momentum Oscillator (20):	0.002958
Repulse (5,40,3):	18.8026
ROCnROLL:	1
TRIX (15,9):	-0.1193
Courbe Coppock:	16.72

MA7:	0.097135
MA20:	0.101584
MA50:	0.098759
MA100:	0.109635
MAexp7:	0.099609
MAexp20:	0.100058
MAexp50:	0.101518
MAexp100:	0.101948
Price / MA7:	+12.01%
Price / MA20:	+7.10%
Price / MA50:	+10.17%
Price / MA100:	-0.76%
Price / MAexp7:	+9.23%
Price / MAexp20:	+8.73%
Price / MAexp50:	+7.17%
Price / MAexp100:	+6.72%

Quotes : 2020-11-06 17:48:03 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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